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Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Profit by Reportable Segment
The following table presents our reportable segments for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Multifamily Segment
Revenues$8,528 $8,266 $25,785 $25,451 
Segment expenses
Property tax and insurance(2,679)(2,424)(7,736)(7,830)
Repairs and maintenance(1,248)(1,230)(2,874)(2,865)
Other property expenses(1,182)(988)(3,070)(2,663)
NOI from multifamily segment3,419 3,624 12,105 12,093 
Commercial Segment
Revenues4,307 3,341 11,218 9,828 
Segment expenses
Property tax and insurance(803)(827)(2,035)(2,769)
Repairs and maintenance(625)(341)(1,267)(941)
Other property expenses(1,013)(1,179)(3,080)(3,179)
NOI from commercial segment1,866 994 4,836 2,939 
Total NOI from segments$5,285 $4,618 $16,941 $15,032 
Schedule of Reconciliation of Revenue from Segments to Consolidated
The table below reflects the reconciliation of NOI to net income for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Total NOI from segments$5,285 $4,618 $16,941 $15,032 
Other non-segment items of income (expense)
Depreciation and amortization(2,936)(3,120)(8,881)(9,429)
General and administrative(1,594)(1,223)(4,329)(3,898)
Advisory fee to related party(2,151)(1,944)(6,587)(5,789)
Interest income4,748 5,917 13,358 17,244 
Interest expense(1,651)(2,075)(5,170)(5,806)
Income from unconsolidated joint venture— 283 — 827 
Gain on sales or write-down of assets755 — 5,593 — 
Income tax provision(1,572)(546)(4,936)(1,818)
Net income$884 $1,910 $5,989 $6,363